CMC

Ethereum is showing signs of a rebound this week after losing its upside momentum in late February and falling again this week. The world’s leading cryptocurrency Bitcoin is expected to surpass $9000 price level.

CoinMarketCap (CMC), the crypto market data service provider, has excluded Bitfinex’s Bitcoin (BTC) price calculation from their weighted average market cap statistical analysis due to the troubles on the exchange. CMC evaluates and examines all activities on its platform by taking a vigilant observation of the chain of prices it collects from various crypto exchanges.

The volatile nature of cryptocurrencies seems not to settle quickly, Bitcoin (BTC) was seen skyrocketing during last weekend’s trading periods, it’s now less than 24 hours later but the market is back in the red. At press time, BTC/USD is trading at $5,257 – dropping with gravity from $5,343, Ethereum (ETH/USD) is at $180 – it has dropped from $182 and Ripple (XRP/USD) is changing hands at $0.356 after failing to break beyond $0.38, with a 24-hour change of 1.10%, 2.33% and 0.84% respectively, according to CMC data.

Once again, Coinmarketcap (CMC) is in the hot seat, according to The Merkle. An irate Reddit user damned the website claiming that it was helping pump exchanges which displayed phoney volumes, which primarily had no significance being on the website.